The stock has jumped 3.4 per cent in opening trades.
Hindalco spurted by 3.4 per cent to a high of Rs. 161.70 in opening trades this morning after the company won its third block in the mines auction.
According to reports, the company won the Gare Palma IV/4 block as the highest bidder for Rs. 3,001 per tonne. The company had earlier won the Gare Palma IV/5 block and also a mine at Kathautia.
The stock is now up 3 per cent at Rs. 160.70, and around 83,000 shares have changed hands at the counter so far on the BSE.
Meanwhile, the Sensex has rallied 78 points to 29,310
Hindalco spurted by 3.4 per cent to a high of Rs. 161.70 in opening trades this morning after the company won its third block in the mines auction.
According to reports, the company won the Gare Palma IV/4 block as the highest bidder for Rs. 3,001 per tonne. The company had earlier won the Gare Palma IV/5 block and also a mine at Kathautia.
The stock is now up 3 per cent at Rs. 160.70, and around 83,000 shares have changed hands at the counter so far on the BSE.
Meanwhile, the Sensex has rallied 78 points to 29,310
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